FormFactor Lifts Q3 Revenue Outlook

(RTTNews) - FormFactor Inc. (FORM) said that it raised its third quarter revenue outlook. Customer demand across all segments was the main driver for the increase to the company's expected revenue results.

It expects revenue for its fiscal third quarter of 2014 to be between $71 million and $75 million, higher than the company's previous revenue guidance of $68 million to $73 million.

The company also raised the midpoint of its non-GAAP gross margin guidance, increasing the guidance range to be between 35% to 38%, higher than the company's previous gross margin guidance of 34% to 38%.

"As we move through Q3, we continue to see strong business momentum across all market segments," said Tom St. Dennis, CEO and Executive Chairman of the Board of FormFactor, Inc.